Monjasa's customers use low oil price to secure cheap fuel in the future

The low oil price is making shipping companies demand longer contracts on bunker purchases. Monjasa sees increased interest from customers intent on future-proofing the price.

Svend Stenberg Mølholt is group COO of Danish bunker group Monjasa. | Photo: PR / Monjasa

Shipping companies are trying to use the unprecedented low oil price to secure cheap fuel for their ships in the future, Danish bunker firm Monjasa tells ShippingWatch.

The company declines to provide examples of the contracts, as they vary from customer to customer. But Chief Operating Officer Svend Stenberg Mølholt confirms that there is a clear trend.

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